Australia Will Reach 20% Renewable Energy Target

July 31 (Bloomberg) -- Mark Butler, Australian minister for climate change, talks about the nation's renewable energy policy. AGL Energy Ltd., Australia’s largest developer of renewable energy projects, said it will go ahead with a A$450 million ($408 million) solar project in New South Wales state with First Solar Inc. Butler speaks from Sydney with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
Statoil and BP Release Reports amid Oil Declines
06:22 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
  • Can Oil Producers Use Price to Reduce Supply?
  • How Will BP Rebound From 64% Profit Decline?
  • Stabilizing Markets: Is China Doing the Right Thing?